The deadline to link PAN card with Aadhaar has passed. For this, the Income Tax Department had given all taxpayers time till June 30, which has already passed. In such a situation, those who have not linked PAN with Aadhaar till now, their PAN has been deactivated. Since PAN is very important for many purposes, it is also necessary to reactivate it.
Know how to activate PAN
Today we are going to tell you that you can How to get the closed PAN card activated again? How much penalty do you have to pay for this? How long is it going to take for the PAN to become operational again? Before knowing all this, let us also tell you some other things, such as what are the disadvantages of not activating the PAN card? In which works can problems arise due to not having a PAN card?
Disadvantages of not having a PAN
PAN card has become a very important document in today’s time. If you have to file income tax return, then you cannot file it without PAN number. If you have already filed the return before June 30, then in these cases your refund will be stuck if the PAN card is deactivated and you will not get interest on the return money until you get it activated again.< /p>
PAN becomes necessary here too
Apart from this, there are going to be many losses due to not having PAN card. People who do not have PAN card or PAN card has been deactivated, they will have to pay more TDS every time. If you transact more than 50 thousand cash in the bank, then PAN card becomes necessary there too. Even buying jewelery worth more than Rs 50,000 requires a PAN. Taxpayer will have to pay a penalty of Rs 1000 for linking PAN with Aadhaar after June. This means that if your PAN has also been deactivated, now you will have to pay Rs. To deposit this penalty, you have to get a challan made from the bank. The e-filing portal of Income Tax has been told that from which banks you can get the challan made. can be linked to Aadhaar. For this it is necessary that the details of your PAN and Aadhaar are same. If there is any problem, first get it fixed. After this, with the help of e-filing portal, you can link your PAN with Aadhaar in a few steps. The Income Tax Department says that it may take up to 30 days for the PAN to be reactivated if linked after the deadline.
Also read: HDFC will be out of top 30, this company is going to get a place
